The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede has said the commission under his leadership is prioritizing the corruption prevention mandate for its cost effectiveness.
He disclosed this in Abuja on Wednesday, while receiving officials of BudgIT, who paid a courtesy visit to his office.
According to him, the commission will be more focused on preventing and controlling corruption.
“Our core area is investigation and prosecution but now I have introduced a third leg to it, which we call “Fraud Risk Prevention and Control.
“You will see us doing much of that now”, he said.
While applauding BudgiT for its work in instilling transparency and accountability in public financing, the EFCC boss assured the organization of robust collaboration and active engagement.
“The work you do and your reports are very critical as sources of intelligence and information to us. If I am going to collaborate with any organization at all, it has to be BudgiT.
“We are on the side of enforcement and you are on the side of information gathering. We must have a meeting point where we work together. We will give you the teeth to bite or do the biting for you”, he said. Earlier in his address, BudgIT’s Global Director, Oluseun Onigbinde commended Olukoyede on his strides since he assumed office as EFCC’s Chairman stressing that “Civil Society Organisations, CSOs across the country are impressed with your record of service”.
He pointed out that BudgIT required active collaboration with the EFCC.
“We cannot do this work without partnering with anti-corruption institutions, the media and the civil society, and fiscal monitoring institutions, so we constantly engage with institutions to support them”. He decried “abuse, waste, corruption, inefficiency when it comes to public resources”, maintaining that his organization will continue to work on tracking budgets and projects across the country.
“The budget is a piece of paper with a lot of projects, if we don’t monitor and evaluate it, we will not get the kind of result you want”, he said.
